MS SB2206

Authorizes the State Bond Commission to issue up to $1,200,000 in general obligation bonds to assist Marks, Mississippi in constructing, furnishing, and equipping a building for a community center and city hall.

Creates a special fund designated "2018 Marks, Mississippi, Community Center/City Hall Construction Fund" within the State Treasury to receive bond proceeds and disburse funds for the project.

Requires all bonds to mature within 25 years from issuance and prohibits bond issuance after July 1, 2022.

Pledges the full faith and credit of the State of Mississippi to guarantee bond payment, with any shortfalls covered by the State Treasurer from available state funds.

Exempts all bonds issued and their income from Mississippi state taxation and establishes them as legal investments for trustees, fiduciaries, banks, and insurance companies.